Cms Energy (CMS) Cost of Revenue (2009 - 2026)

Cms Energy's (CMS) quarterly Cost of Revenue came in at $448.0 million in Q1 2026, up 10.62% year-on-year from $405.0 million in Q1 2025, and down 11.98% quarter-over-quarter from $509.0 million in Q4 2025.

Cms Energy (CMS) Cost of Revenue (2009 - 2026) Analysis & Trends

Cms Energy's Cost of Revenue history runs 18 years deep, the most recent figure standing at $448.0 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 10.62% year-over-year to $448.0 million in Q1 2026; TTM through Mar 2026 was $1.8 billion, a 7.86% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 5.43% from the prior year.
  • Cost of Revenue slipped to $448.0 million in Q1 2026 per CMS's latest filing, from $509.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $530.0 million in Q4 2022 and bottomed at $334.0 million in Q1 2022.
  • The 5-year median for Cost of Revenue is $412.0 million (2024), against an average of $421.7 million.
  • Biggest YoY gain for Cost of Revenue was 29.04% in 2023; the steepest drop was 23.96% in 2023.
  • Year by year, Cost of Revenue stood at $530.0 million in 2022, then slipped by 23.96% to $403.0 million in 2023, then grew by 4.22% to $420.0 million in 2024, then grew by 21.19% to $509.0 million in 2025, then retreated by 11.98% to $448.0 million in 2026.
  • Per Business Quant, the three latest CMS Cost of Revenue figures stand at $448.0 million (Q1 2026), $509.0 million (Q4 2025), and $416.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Fortis 460,767.51 Bn 460,767.24 Bn 1.70 Bn 780.98 Mn
2 Dominion Energy 61.81 Bn 61.46 Bn - -
3 Xcel Energy 50.34 Bn 48.58 Bn 4.02 Bn 3.00 Mn
4 Wec Energy 37.10 Bn 37.06 Bn 2.04 Bn 1.39 Bn
5 Energy Co Of Parana 34.38 Bn 33.72 Bn - -
6 Ameren 31.02 Bn 31.01 Bn - -
7 Edison International 30.26 Bn 30.11 Bn - -
8 Firstenergy 28.56 Bn 28.48 Bn 2.74 Bn 1.46 Bn
9 Hydro One 25.14 Bn 25.13 Bn - -
10 Cms Energy 22.71 Bn 22.62 Bn 2.28 Bn 448.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 448.00 Mn
Mar 31, 2026 448.00 Mn
Dec 31, 2025 509.00 Mn
Dec 31, 2025 509.00 Mn
Sep 30, 2025 416.00 Mn
Sep 30, 2025 416.00 Mn
Jun 30, 2025 397.00 Mn
Jun 30, 2025 397.00 Mn
Mar 31, 2025 405.00 Mn
Mar 31, 2025 405.00 Mn
Dec 31, 2024 420.00 Mn
Dec 31, 2024 420.00 Mn
Sep 30, 2024 412.00 Mn
Sep 30, 2024 412.00 Mn
Jun 30, 2024 404.00 Mn
Jun 30, 2024 404.00 Mn
Mar 31, 2024 402.00 Mn
Mar 31, 2024 402.00 Mn
Dec 31, 2023 403.00 Mn
Dec 31, 2023 403.00 Mn